Insolvency 2020-02-04T21:23:04+00:00


At CTM we understand that sudden changes in the environment can leave a business or individual facing unexpected financial strains. We can help relieve the stress by arranging confidential, expert business insolvency advice or individual insolvency advice over the telephone or in person. Qualified and friendly staff will explain all of the options available to you or your company to enable you to make an informed decision as to how to move forward. The combination of a tax dispute service and an insolvency service in one is the sensible way to achieve the best outcome.

Personal Insolvency

Money is a complex and, sometimes, difficult matter. Therefore, we always deal with every situation in a sensitive and confidential manner. You will receive tailored advice to each personal circumstance and individuals will receive expert personal insolvency advice to make the process as painless as possible.Assistance can be provided for the following personal insolvency procedures:

  • Bankruptcy
  • Individual Voluntary Arrangement (IVA)
  • Debt Relief Order (DRO)

Early advice is best

There are a number of options available to individuals and we always recommend seeking advice as soon as the first sign of financial problems arise. AT CTM, you will receive the best advice in relation to tax disputes and HMRC’s Debt Management Unit. We also arrange for all insolvency matters to be handled to the same high standard. Please call us 0345 557 0005 to discuss all aspects of tax debts and insolvency.

Corporate Insolvency

CTM can help you as a director firstly identify the cause of your problems and then to identify solutions to improve profitability and cash flow. However, if insolvency is the only solution, we can make sure you are properly advised, and the right decision made to protect you.

  • We can advise on the following corporate insolvency procedures:
  • Creditors Voluntary Liquidation (CVL)
  • Members Voluntary Liquidation (MVL)
  • Winding Up by the court
  • Company Administration
  • Company Voluntary Arrangement (CVA)
  • Receivership

Early advice is best

Wherever possible, if you come to us before it is too late, we will always try to find a rescue package to save your business or to prevent a formal insolvency.

Many business failures could have been avoided if the owners had taken the right advice at the right time. Some of the most common causes of business failure are bad debts, reduced demand, excessive borrowing, and adverse economic circumstances. Unfortunately, all too often, business owners do not face up to these problems until it is too late. We can ease that stress and welcome directors to call at any time to discuss their worries or general queries about their existing and or possible future financial problems.

The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a business may be saved from failure, particularly if there is a genuinely profitable core to the business. With this in mind, an initial advisory meeting is offered free of charge, so please contact us.